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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Weekly Trade Setups Ideas & Chart Analysis By Nial Fuller – Jan 6th to 10th, 2020

Note On Charts: It’s imperative to your trading success that you are trading with a broker that offers ‘New York Close Forex Charts‘, (a true 5 day chart that aligns with the New York Close).

Chart Commentary Disclaimer: Nial’s views on the Charts is not advice or a recommendation to trade or invest, it is educational and general information only. Don’t blindly buy and sell the markets/products discussed in this newsletter, do your own research and be aware of the risks and rewards.

Weekly Trade Setups Ideas & Chart Analysis By Nial Fuller – Jan 6th to 10th, 2020

GBPUSD – Looking To Buy On A Pull Back On A Retest Of The 1.3000 Key Support Level.

Trend: Bullish

Relevant Key Levels: Resistance: 1.3500. Support at 1.2580, 1.2780 and 1.3000

Price Action: Price broke down from an Inside Bar structure mid last week. Price had broken back up 2 weeks ago after holding firmly at the 1.3000 key support level.

Current Notes: The recent pullback in prices could provide a buying opportunity as price approaches strong support between the 1.2780 and 1.3000 support areas.

Potential Trade Idea: The current pullback provides an opportunity to consider joining the recent upward momentum. We will consider buying on any short term weakness and/OR after a price action buy signal, whilst prices remain above the 1.2780 key support level.

NOTE – You can trade GBPUSD via the preferred trading platform we use HERE.

GOLD – Looking To Buy On A Pull Back After Major Break Out Above $1525 Key Level.

Trend: Bullish

Relevant Key Levels: Support at $1400 and $1440 to $1450’s and $1510 to $1525 area. Resistance $1550 and $1620.

Price Action: Prices surged back above the $1510 to $1525 Resistance Level, breaching the prior ‘event area‘ containment area, this key area around $1510 to $1525 will now become short term support.

Current Notes: The bias is bullish whilst prices remain atop $1510 to $1525 support. There is major resistance at $1620 from several years ago.

Potential Trade Idea: We will consider looking to buy at or just above the $1510 to $1525 short term support area and/or after a price action buy signal, targeting a move up to $1620 the resistance level initially.

NOTE – You can trade Spot GOLD via the preferred trading platform we use HERE.

S&P 500 – Waiting For A Small Correction Back To 3160 or 3070 Before Looking To Buy Again.

Trend: Bullish

Relevant Key Levels: Support at 3160, 3070, 3025, 2960, 2860-80. Resistance 3260’s

Price Action: none

Current Notes: The bias is still very bullish whilst prices hold above 3025 to 3070 support area.

Potential Trade Idea: We will consider buying on a retracement lower in prices AND after a clear price action buy signal around 3160 OR the 3025-3070 support area, targeting a move back towards the 3250’s region.

NOTE – You can trade S & P 500 via the preferred trading platform we use HERE.

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Please Leave A Comment Below 

Chart Commentary Disclaimer: Nial’s views on the Charts is not advice or a recommendation to trade or invest, it is educational and general information only. Don’t blindly buy and sell the markets/products discussed in this newsletter, do your own research and be aware of the risks and rewards.

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About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 20,000+ students since 2008. In 2016, Nial won the Million Dollar Trader Competition. Checkout Nial's Professional Trading Course here.
  1. Mr. Ali January 7, 2020 at 4:19 am

    Excellent, very clear and direct

    Reply
  2. said January 7, 2020 at 2:54 am

    simple is better

    Reply

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